CLEVELAND, March 22, 2022 /PRNewswire/ — New analysis from Freedonia Group predicts U.S. demand for corrugated and paperboard boxes will grow 2.0% annually, from a high base in 2021 to $49.9 billionwith volume demand reaching 31.9 million tons.
Although this market is mature, analysis reveals that there are notable growth opportunities in non-manufacturing applications such as e-commerce, catering and delivery. In addition, vendors will continue to introduce higher value cans to the market to meet the sustainability and efficiency needs of their customers.
Catering and take-out applications will boost demand for folding boxes
The growing use of multi-restaurant delivery platforms such as DoorDash, Grubhub and Uber Eats – as well as the subsequent increase in delivery and takeout options offered by restaurants themselves – will drive healthy gains in the demand for folding boxes in catering and take-out transport applications, according to the analysis.
New municipal regulations and efforts by manufacturers to reduce the amount of single-use plastics used in the catering segment will also benefit folding carton demand; however, cartons will continue to face some competition from single-use plastics due to consumer preferences for packaging that reduces the frequency of food spills and leaks.
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Corrugated and cardboard boxes is now available from The Freedonia Group. This report encompasses the demand and production of corrugated and paperboard boxes. Historical data (2011, 2016 and 2021) and forecasts through 2026 are presented in current dollars and tonnes by product, market and material.
corrugated cardboard boxes (including strong fiber boxes)
cardboard folding boxes (also called folding cartons)
mounted cardboard boxes (rigid)
food and beverages (milled products; meat, poultry and seafood; beverages; fresh produce; frozen foods; bakery products; canned foods; dairy products; sweets and confectionery; other foods)
non-durable non-food goods (paper and publishing; rubber and plastic; pharmaceuticals; chemicals; cosmetics and toiletries; other non-durable non-food goods)
durable goods (machinery and equipment; glass and ceramic products; fabricated metal products; furniture, lumber and wood products; toys and sporting goods; silverware and jewelry; motor vehicle parts; music, entertainment and software ; instruments ; all other durable goods )
non-manufacturing (catering and take-out transportation; e-commerce; moving, warehousing and other non-manufacturing markets)
About Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the leading international industry research company, providing our clients with product analysis, market forecasts, industry trends and market share information. From individual consulting firms to global conglomerates, our analysts provide companies with unbiased and trusted industry research and market analysis to help them make important business decisions. With over 100 studies published each year, we support over 90% of Fortune 500 industrial companies. Find ready-to-use studies at https://www.freedoniagroup.com/ or contact us for a custom search: +1 440.842.2400.
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SOURCE The Freedonia Group